Storefront Property with Vacant
For Sale
$429,000
1134 Niles, Bakersfield, CA 93305
Includes an occupied retail building and adjoining commercial land.
Property Size1,188 SF
Price / SF$361.11
Days on Market8
Property Features for 1134 Niles
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Gross Income
$18,000
Building Details
Building Size
1,188 SF
Year Built
1946
Buildings
1
Units
1
Listing Agency:
eXp Realty of Greater Los Angeles, Inc
(818) 268-7061
Listed By:
Ani Gumuryan · License #01972043
Source:
Elliman
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 22 at 10:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
The offering combines a storefront property at 1134 Niles St with the adjoining vacant commercial parcel at 1312 Robinson St. The Niles Street improvement is an approximately 1,188 SF retail building constructed in 1946 and occupied by a convenience store tenant. Both parcels are included in the sale and will transfer together.
The property carries C-1 commercial zoning. The adjacent land adds a separate commercial parcel to the existing retail improvement, subject to verification of lot dimensions, permitted uses, zoning, and other property details with the appropriate authorities. Walk Score is 66, Bike Score is 63, and Transit Score is 39.
The property carries C-1 commercial zoning. The adjacent land adds a separate commercial parcel to the existing retail improvement, subject to verification of lot dimensions, permitted uses, zoning, and other property details with the appropriate authorities. Walk Score is 66, Bike Score is 63, and Transit Score is 39.
Key Highlights
- Sale includes 1134 Niles St and adjacent vacant commercial parcel at 1312 Robinson St
- Approximately 1,188 SF retail building constructed in 1946
- Existing convenience store tenant occupies the retail building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,189
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,780
$243.8K
Cap Rate 7%
$174,129
$174.1K
Cap Rate 9%
$135,433
$135.4K
Market Conditions
NOI Build-Up for 1,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.1K $14.40/SF
− Vacancy
−$855 −$0.72/SF
EGI
$16.3K $13.68/SF
− OpEx
−$4.1K −$3.42/SF
NOI
$12.2K $10.26/SF
Area
Bakersfield, CA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$243,780
Cap Rate 7%
$174,129
Cap Rate 9%
$135,433
Alternative Uses
Best Use
Specialty Retail
$174.1K
$152.4K – $203.2K
NOI $12,189 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$162.5K
$142.2K – $189.6K
NOI $11,376 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$315.3K
$275.9K – $367.8K
NOI $22,068 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
11,050 visits/mo
0.4 miles
Dollar General
Shops & Services
9,287 visits/mo
0.4 miles
ARCO
Shops & Services
6,737 visits/mo
0.3 miles
AMPM
Shops & Services
4,700 visits/mo
0.3 miles
76
Shops & Services
4,619 visits/mo
0.3 miles
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Retail in Bakersfield, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Includes an occupied retail building and adjoining commercial land.
Where is this storefront property located?
The property is located at 1134 Niles Bakersfield, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Sale includes 1134 Niles St and adjacent vacant commercial parcel at 1312 Robinson St; Approximately 1,188 SF retail building constructed in 1946; Existing convenience store tenant occupies the retail building
